South CarolinaThe government inexplicably found an additional bank account with deposits of 1.8 billion yuan. Officials have no clue where the money came from and where it will be used. The state Senate has formed a task force to investigate, and results will not be released until the results are released. Use this huge amount of money.
Republican PartyPremier Henry McMaster assured the public that “no money was lost.” It has been reported that this bank account appears to be the result of a series of accounting problems in the state government caused by a computer system upgrade in the late 2010s.
The South Carolina Senate established an investigation into this large sum of money; Republican state led bysenatorLarry Grooms described the situation as being like breaking into a bank and having the bank manager say that there was a lot of money in the safe, but he did not know whose money it was.
The accountants leading the investigation are still trying to understand the entire matter. Lawmakers said whenever something goes wrong with the state account, money is transferred from somewhere to an account that helps balance it.
Republican Treasurer Curtis Loftis was also confused and did not know the whereabouts of the money. He said only that the state received about $200 million in interest from the money.
He believes the lack of information about the flow of funds is the fault of Auditor General Brian Goins.
Loftis said earlier this month that Goins was “trying to put the onus on the treasurer to clean up the mess.”
Loftis and Goins traded blows and both were called before a task force led by Grooms. Grooms said that so far, Goins has answered all the questions asked by lawmakers during the investigation, but Loftis has not.
Governor McMaster stated that the 1.8 billion yuan of funds would not be used until it was confirmed whether it would be used for other purposes; He said, “This is a huge amount, and there is no need to spend it hastily.”
United States(tagstotranslate)Republican(T)South Carolina(T)Senator